💵 The "big players" rushed to mint money amid last night's Rekt rhythm.
In the flash dump that caused the market to shake violently last night, major market makers like Binance, Abraxas Capital, and Cumberland quickly pumped more stablecoins at a rapid pace:
Binance: Minted 2 billion USDT (swapped chain from TRX → ETH)
Abraxas Capital: Minted 204.5 million USDT
📈 Cumberland: Minted 210.5 million USDT
This is the first time in weeks that they have collectively minted so heavily and quickly. Immediately after, $ETH and altcoins also quickly "pulled their tails" to recover after the shocking drop.
History shows that such intensive minting often occurs before the market enters a bull run. With the huge amount of stablecoins set up and the long liquidation sweep yesterday, we can fully expect a strong growth surge in the near future.
#stablecoin
After yesterday's adjustment, here are the tokens that have been accumulated the most.
SFRXETH - NETFLOW: +$387.6K (322.5%)
NKN - NETFLOW: +$533.3K (33.7%)
DKA - NETFLOW: +$143.8K (1.2%)
FIS - NETFLOW: +$462.0K (165.0%)
EPT - NETFLOW: +$634.4K (962.5%)
Mainly still in the Defi and Staking sectors on the ETH Eco.
7.26K
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